End of Day 1 Quiz

End of Day 1 Quiz

12th Grade

14 Qs

quiz-placeholder

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End of Day 1 Quiz

End of Day 1 Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Used 10+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Within client acceptance, you must document the client categorisation. Where would you find the client categorisation?

Engagement letter

Inflo

Take on documents within Appian

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What platform would you use to create an engagement letter?

OnePlace

OneDoc

LEAP

Sharepoint templates

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What would be the most appropriate benchmark for a trading entity with low profit margins?

PBT

Revenue

Total assets

Net assets

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What would be the best benchmark for a holding entity?

PBT

Revenue

Total assets

5.

MULTIPLE SELECT QUESTION

1 min • 2 pts

Which THREE of the following factors would be deemed EXTERNAL when considering materiality % threshold?

Volatile market for the industry

Multiple internal control deficiencies identified in prior year

Listed entity

Significant third party debt with a bank

6.

MULTIPLE SELECT QUESTION

1 min • 2 pts

Which TWO of the following INTERNAL factors would you consider when determining the % threshold for PM?

Material and highly judgemental estimates

Inflationary environment

Internal control deficiencies in prior year

Government funding

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the maximum threshold for Performance Materiality?

65%

70%

75%

80%

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